Cryptocurrency ETF Weekly | Last week, the net inflow of Bitcoin spot ETFs in the United States was $2.214 billion; Caitong Securities' subsidiary Caitong Hong Kong has been approved to conduct virtual asset ETF trading on behalf of clients
Calamos, an American asset management company, will launch three Bitcoin principal-protected ETFs on July 8.Organizer: Jerry, ChainCatcher
Performance of Cryptocurrency Spot ETFs Last Week
U.S. Bitcoin Spot ETF Net Inflow of $2.214 Billion
Last week, the U.S. Bitcoin spot ETF saw a net inflow for five consecutive days, totaling $2.214 billion, with total assets under management reaching $133.17 billion.
Three ETFs experienced net inflows last week, primarily from IBIT, FBTC, and ARKB, which saw inflows of $1.310 billion, $504 million, and $268 million, respectively.
Data Source: Farside Investors
U.S. Ethereum Spot ETF Net Inflow of $283 Million
Last week, the U.S. Ethereum spot ETF had a net inflow over four days, totaling $283 million, with total assets under management reaching $9.88 billion.
The inflow last week mainly came from BlackRock's ETHA, with a net inflow of $233 million. A total of three Ethereum spot ETFs had no fund movement.
Data Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Outflow of 0.001 Bitcoin
Last week, the Hong Kong Bitcoin spot ETF experienced a net outflow of 0.001 Bitcoin, with assets under management reaching $447 million. The holdings of the issuer, Harvest Bitcoin, decreased to 301.44 Bitcoin, while Huaxia maintained 2,230 Bitcoin.
The Hong Kong Ethereum spot ETF had no fund inflow, with assets under management at $53.29 million.
Data Source: SoSoValue
Performance of Cryptocurrency Spot ETF Options
As of June 27, the total nominal trading volume of U.S. Bitcoin spot ETF options was $1.04 billion, with a total nominal long-short ratio of 4.21.
As of June 26, the total nominal open interest of U.S. Bitcoin spot ETF options reached $16.36 billion, with a total nominal long-short ratio of 2.07.
The market's short-term trading activity for Bitcoin spot ETF options has increased, with overall sentiment leaning bullish.
Additionally, the implied volatility was 42.74%.
Data Source: SoSoValue
Overview of Cryptocurrency ETF Developments Last Week
Asset Management Company KraneShares Applies to SEC for Coinbase 50 Index ETF
According to The Block, ETF-focused asset management company KraneShares announced on Friday that it has submitted an application to the U.S. Securities and Exchange Commission to launch a "Coinbase 50 Index ETF" that tracks the top 50 digital assets by market capitalization. This index product is set to be launched by the largest cryptocurrency exchange in the U.S., Coinbase, by the end of 2024, with quarterly adjustments to the component weights. Currently, its top three holdings are Bitcoin (50%), Ethereum (approximately 21%), and XRP (9%).
KraneShares was founded by Jonathan Krane in 2023 and is an investment company based in New York, primarily focusing on China, climate, and alternative investments. The company is majority-owned by the well-known Chinese financial services institution CICC.
U.S. Asset Management Company Calamos to Launch Three Bitcoin Principal-Protected ETFs on July 8
U.S. asset management company Calamos Investments plans to launch three Bitcoin ETFs with downside protection on July 8 (local time), which are:
- 100% Principal Protection (CBOY): Initial return cap of 9%-11%
- 90% Principal Protection (CBXY): Initial return cap of 24%-28%
- 80% Principal Protection (CBTY): Initial return cap of 43%-48%
This series of ETFs aims to provide exposure to Bitcoin while adjusting the return caps based on the level of protection, with an investment term of one year.
Caitong Securities Subsidiary Caitong Hong Kong Approved for Virtual Asset ETF Client Trading
According to Jin10 data, Caitong Securities stated on its interactive platform that its wholly-owned subsidiary Caitong Hong Kong has been approved to conduct virtual asset ETF client trading.
Korean Democratic Party lawmaker Min Byung-deok today initiated an amendment to the "Capital Markets and Financial Investment Business Act," aiming to include digital assets (virtual assets) within the scope of underlying assets for financial investment products and trust property.
This amendment would allow digital assets like Bitcoin to serve as underlying assets for financial products such as exchange-traded funds (ETFs), while also providing legal grounds for trust companies to custody and manage digital assets. This move is one of the core campaign promises of South Korean President Lee Jae-myung.
If the bill passes, South Korean investors will be able to indirectly invest in digital assets through institutional financial products, which will help enhance investor protection and market transparency.
Bitwise Submits Revised S-1 Form for Spot DOGE and Aptos ETFs to SEC
Bloomberg analyst Eric Balchunas posted on X platform that Bitwise has submitted a revised S-1 form for its spot DOGE and Aptos ETFs to the SEC.
NYSE Submits Application to SEC for Truth Social Bitcoin and Ethereum ETF
According to Decrypt, the New York Stock Exchange (NYSE) has submitted a rule change application to the SEC to allow the listing of Truth Social Bitcoin and Ethereum ETFs by Trump Media & Technology Group.
This application was submitted eight days after Trump Media filed a prospectus for the Truth Social Bitcoin and Ethereum ETFs in collaboration with Yorkville America, which will have a 75% Bitcoin and 25% Ethereum holding ratio. Crypto.com will serve as the custodian, executing agent, and liquidity provider. This so-called 19b-4 rule change is an important step in the regulatory process for considering ETFs but does not obligate the SEC to approve the product.
Grayscale's Spot Solana ETF Management Fee Expected to be 2.5%
According to a revised S-1 registration statement submitted by Grayscale on June 14, the management fee for this trust product is 2.5%.
REX Shares: Solana Staking ETF Coming Soon
REX Shares announced on the X platform that the Solana staking ETF "REX-Osprey SOL+Staking ETF" is coming soon, reportedly aimed at tracking the performance of Solana while generating returns through on-chain staking. It is claimed to be the first staking cryptocurrency ETF in the U.S.
Additionally, Bloomberg senior ETF analyst Eric Balchunas disclosed on the X platform that the SEC has indicated no further comments, suggesting they are ready to launch.
Invesco Galaxy Submits Solana Spot ETF S-1 Filing to SEC
Cboe Submits 19b-4 Application to SEC for Canary PENGU ETF
SEC Delays Review of 21Shares Spot Polkadot ETF
Views and Analysis on Cryptocurrency ETFs
ETF Expert: End of Ripple vs. SEC Lawsuit Clears Path for XRP Spot ETF and BlackRock's Entry
Nate Geraci, CEO of ETF Store, a U.S. ETF expert, stated on social media that the XRP spot ETF is about to launch.
He emphasized, "With Ripple withdrawing its lawsuit against the SEC, the path for the XRP spot ETF has been cleared… and it has also cleared the way for BlackRock's entry."
SEC Commissioner Hester Peirce: Physical Redemptions for Crypto ETFs May Be Imminent
Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that physical redemptions for cryptocurrency exchange-traded funds (ETFs) may soon be realized.
Peirce was asked during a panel discussion at the Bitcoin Policy Institute on Wednesday whether the SEC would approve physical creation and redemption, and whether this was "imminent." She responded, "These (applications) are going through the process… so I think it is definitely 'imminent' at some point. I can't predict, but we've heard a lot of interest."
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